Pennfield Corp. plans mill sale to Cargill Inc.

By Tim Stuhldreher,
January 2, 2013 at 11:00 AM
- Last modified: January 2, 2013 at 11:55 AM

Distressed Lancaster County-based livestock feed company Pennfield Corp. plans to sell two of its three mills to Cargill Inc., according to court documents.

Cargill would pay $8.5 million, less certain adjustments, for Pennfield’s Mount Joy mill in Lancaster County and Martinsburg mill in Blair County, according to a sales agreement filed Dec. 28 in U.S. Bankruptcy Court for the Eastern District of Pennsylvania.

Pennfield’s South Montrose mill in Susquehanna County is excluded from the deal. The sales agreement and related court filings do not say why. Messages left with Pennfield and Cargill this morning seeking additional information were not immediately returned.